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. i'm david asman. welcome to "forbes on fox." steve forbes, rich karlgaard, sabrina schaefer, rick unger, steve. can we trust these folks? >> no. trying to reinstate the program now is a nightmare. it will not be more a few months. it will be several years in the future. this is a fix to get through the next election. it will be a big mess and it will get bigger. this is collapsing on its own. >> rick, how do you trust people who have broken so many promises? >> not a good week to be a defender of the house, is it? >> the reality is whether you can trust them or not, that is not the issue as the perception. right now, americans are not trusting the administration. in politics, however, things change. something will happen next. if they do the right thing and they handle it well, they will dig out of it. if they don't, he has a big problem. face it. >> he does. emac, specifically one promise that he made, when apparently he had information that contradicted that promis july 2010, a report was out that 4 to 67% of individual policies would be canceled. i.r.s. report, obamacare report
big premium strikes are coming for all let's go in focus with steve foes, rich karlgaard, morgan brennan, john tandy,. arthey coming? >> young people think they're immortal. they won't sign up unless they need it or have mental health problems. of course they are going up. if they don't go up you are getting less or going to a different network. >> rk, it's expensive to sign up. >> this is premature, don't you ink? we know younger people tend t do things at the last minute. i don't know what laughed but that is a silly thing to laugh at. it's nothing new. we know about the younger people. let's wait and see, let's wait and see -- stunning. if wre laughing at logic, why are we bothering to have a conversation. you must not have had kids. more importantly, i want to talk about the reassurance pool that people don't know is there. we have a reassurance pool so if numbers don't work out this year there is something to fall back on, so we'll keep any increases for the next three years down. >> mike, we are laughing because yes, we know young people, and you can cry or laugh. you have
money. every time he played poker he brought a shoebox full of change. we called him shoebox steve. >>> let's move on to jpmorgan. that was over the sale of mortgage-backed securities covered by jpmorgan and bear stearns in 2005 and 2008. jpmorgan bought bear stearns. it was march of 2008. it predated the heart of the crisis being that it was in march but bear stearns was 2 bucks and ended up being $10. the larger question here is are they moving through all of the various fines, penalties, fees, settlements that they need to, can investors see through to the other side? they have put aside 23 billion for so-called litigation expense. jim, i start to wonder whether the continued -- i wouldn't call it an avalanche but the continued pressure from regulate are to regulators and all of the pressure points that they seem to be applying, one has to wonder whether we'll truly abate and get back to what we call real earnings power for these financial institutions. >> look, if we had normalized earnings and this is not a normal time, then jpmorgan would probably be 6, 7 points higher. all o
congressman steve schall ease. >> today, dow jones fell 9 points. s&p lost 4. nazdaq down 17 1/2. we're coming right back, stay with us. >> on obamacare train wreck gets worse. health healthcare.gov still is not fully built, and all your personal information is open to hackers. congressman steve on the latest revelations. this is the quicksilver cash back card from capital one. it's not the "fumbling around with rotating categories" card. it's not the etting blindsided by limits" card. it's the no-game-playing, no-earning-limit-having, deep-bomb-throwing, give-me-the-ball-and-i'll-take- it-to-the-house, cash back card. this is the quicksilver cash card from capital one. unlimited 1.5% cash back on every purchase, everywhere, every single day. so let me ask you... at's in your wallet? lou: officials in at least a half does know states in the midwest are trying to assess the damage, and find anyone what may still be trapped after a series of deadly tornado over the weekend, 8 people have been killed. 120 injured in washington, illinois. authorities say more than half a million people remain with
will replace outgoing ceo steve ballmer. josh lipton live in bellevue, washington. >> reporter: it was an historic day at microsoft shareholder meeting. the last meeting with steve ballmer as ceo. ballmer's record at microsoft is mixed. revenue jumped but critics say he mixed big tech trends like mobile and social. stock is up sharply this year but down 25% under his watch. bill gates at the shareholder meeting today gave no guidance for when a new yi would be picked. he did seem to get choked up when talking about his friend, steve ballmer. >> we've got a commitment to make sure the next ceo is the right person for the right time for the company we both love. and we share a commitment that microsoft will succeed as a company that makes the world a better place. >> top picks to replace ballmer mentioned, ford ceo allen mulally and former nokia ceo elop, as well as kevin turner, coo and nadella of cloud and shared enterprise. microsoft made a point of emphasizing their cloud products. whoever replace ballmer and strategis, the new ceo will face new challenges as microsoft reposi
, steve liesman and rick santelli. and plus bars and ton. is rick santelli there or is that him there? >> i'm here. >> steve liesman, let's start with you. what did the minutes say that spooked the market? >> that a taper is coming in the coming months if the economy performs according to the fed's forecast. that forecast is for a gradual improvement or acceleration in growth to 2014. not necessarily expected at the end -- in the fourth quarter because you'll probably get weak growth. that's why i would rule out a december taper. that it's coming in the coming months and the fed is looking for a we to do that in a way that doesn't cause the market to bring forward when it would raise interest rates. >> what does that mean about investing? what did you hear as an investor trying to allocate capital across? jason pride, jump in there in terms of allocating capital. what does this mean to you today, the minutes? >> one of the most important things people keep missing is the fed needs to taper in order to remain as stimulative as they have been before. one of the things that is coming abo
in business. more a candidate for the wall of shame than any of accolades. steve ballmer is more revered. one that with $300 billion in market capitalization has to be considered a success. and this is not just within the industry. this has become a pop culture thing now. on last night's episode of "south park," ballmer's assassination by an angry and disappointed bill gates was a major subplot. not only viewed as a failure at his time at microsoft, he's sealed his deal where he says he recognizes that he's the person standing in the way of microsoft's progress. quote, maybe i'm an emblem of an old era and i have to move on. what was keeping microsoft from succeeding? quote, at the end of the day, we need to break a pattern. face it, i am a pattern. and so even he admitted it was time to go. was ballmer too hard on himself? to them he is a befuddled fool who didn't see cloud, didn't see social, didn't see mobile coming. and he thought he could ignore it or build it all into xbox one. what i would ask these executives offline what is the biggest nightmare? they almost all said the same thing,
switching from managed funds to passive etfs, so far they love it. with us now, steve crowley, scott martin, and jamie cox. steve, what do you tell your kleins to invest? >> key point is get the 3 to 5 year pervue, 20 to 30 years for most, it is important to look at three nobel prize winner phd's in economic save thees just 3 week ago they talked about personal investing, they said most people do not take that longer pervue, at least 3 to 5 years. gerri: question mutual funds or etms. >> i like etfs the best but don't count mutual funds out. gerri: scott? everyone loves the etf's no everyone is worried they are over trading them. >> i am sure they are over trading them, that is what we do as humans. but i love etfs, this is about time, looking at mutual funds what is happening. he is right, there are some low load versions that there is not a big barrier as far as cost to en true -- intry, but now the mutual fund companies have gotten creegotten creative, theu on the way out instead of the way in. >> jamie, do you agree? are the fees out of control? >> well first of all there is two major p
. >> it is about steve cohen and it is steve cohen. this is fascinating. steve cohen has not been charged with insider trading but the day after sac pled guilty, paid $1.2 billion, steve cohen remains under investigation, the next day chris christie won overwhelmingly new jersey governor and guess what he did? he personally called steve cohen to come to his big gala association and attend a private dinner. now there is nothing illegal about that. but this is now raising eyebrows from people, republicans who saw him at the event, from people starting to make its way around the political analyst circles where they're saying this is incredible fodder for anybody that runs against christie in the future, particularly if he goes up, if he runs for president in 2016, this could be a campaign commercial. this is what we know, christie personally invited him. heard through the grapevine steve cohen following the monday plea deal was depressed, wasn't feeling very well. told him to get, quote, his rear end off the couch from what i understand. that is direct quote from somebody and attend the even
president bush also with us our own steve liesman. gentlemen, good to see you. >> good to be here, maria. >> explain the theory. >> well, look, if obama care fails because of the website, well, then that's terrible for the president. let's say it succeeds and give it the benefit of the doubt and say the president is right and 30 million people sign up, and they start getting insurance, but they start paying premiums. those premiums maybe they'll be a bargain, $100, $200 a month. >> they haven't been a bargain. i see your point. >> let's give the president all the credit and say it's going to work. that's by my calculations about $77 billion of spending by consumers that they won't have to spend at mcdonald's and target and ford motor -- that's a lot of money. more than the president's stimulus plan spent on infrastructure or for tax cuts. it could be in an economy right now where consumers look a little bit shaky, it could be just enough to dislodge us from this tentative recovery. >> steve, you on board? >> not exactly. and i question todd advisedly because he's taught me about economic
. simon baker is here along with steve weiss, joe terranova, and stephanie link. stephanie, on a year when the health stocks have done well, health care is the second best performing sector out of the s&p 500 this year. i'm wondering what your thoughts are, and what happens with the stocks? >> i don't think anything he said is a surprise. you have to expect the blame game comes out of washington on both sides. this is a mitigated disaster. the insurance companies budget at least a year in advance. so they're a little offsides in the budgets. at the end of the day, i don't think it matters. maybe you see them reset expectations next quarter or pre-announce, in terms of reduced expectations, but you still need to be in a group that continues to grow, whether the economy is growing or not growing, so i like it. more importantly, what this did was, it sort of casted yellen in a shadow, and that was by far, to me, the more important conversation today, what she was saying. >> well, yellen certainly has had somewhat of an impact on the overall market today by virtue of taking what most people ex
an impact on employment and how many hours workers are getting. steve liesman with the story. >> thanks. this poll conducted by public opinion strategists, which does the polling for cnbc the republican half of our polling team, did this poll on behalf of the international franchise association and the u.s. chamber of commerce. find a very negative impact right now on businesses and employment from the affordable care act. let's take a look at the graphics. 64% of franchise and 53% of nonfranchise are saying the aca is having an impact on their business. you might expect that but now let's take a look at what they're saying about specifically how. they say because of aca, 30% of franchise owners have replaced full with part time about 15% have seen reduced staff and more than 30% have reduced worker hours. this has potentially huge neck negative impact on employment. one other piece of data. asked if they would stay below 50 workers. 59 % of franchise owners and 52% of nonfranchise owners. there's a lot of debate about this. unclear whether or not it shows up in th
a listen. >> steve it's great setting things up. those guidelines are for the control room. >> joe is right. after having been a print recorder 30 years, i lean on the written word. >> it's getting it organized. >> i have no time for organized thoughts. >> that we know. >> let's welcome our guest hoist bill george. he's currently at harvard business school. bill, we're so glad you're here. so many things to talk about. let's start off you by what steve was discussing. what's happened with the fed? what do you think will happen? >> i'm a fan of bernanke. in my opinion he saved us in '08. we have no fiscal policy in this country. he's trying to off set the monetary policy. he's gone as far as he can go. we've got to pull out of this. i think they'll keep interest rates low. >> you say you're a fan. are you a fan of what's happening now? >> we have an imbalanced economy. we're hanging on for dear life trying to get the unemployment down. i think there's too much money in the economy. it's eventual got to come out. they're not going to do hit with unemployment rates. >> are they paying too much
's an incredible car. >> it's not just the shape of the car. they did things like steve jobs. you know, form follows function or whatever the old, you know, architectural strategy. the guy is like jobs to come out of nowhere. gm and ford and all the others they've been trying to come up with this for so long. i see what he's saying. if you've got a gas tank with 30 gallons worth of gas and you're in a bad accident, that's scary. but then there are these batteries, apparently -- >> and the distributor -- >> distributed across the whole bottom. does any little, you know, does any crash -- >> consumer reports comes out and says it's the safest car they've ever tested. >> this is interesting. we'll see what kind of conclusions these -- and you know, when you test cars, you see those, you know, crash dummies and stuff. you see how hard -- and it's scary to watch because even 35 miles an hour. >> are they really smashing up teslas, though? >> it's only the government, we can afford it. >> consumer reports. >> consumer reports. >> but when they test. >> yeah, well, they, i'm sure are. >> money to b
york city moving to the far left. let's talk to democratic strategist, steve mcman. robert costa. i want to go to you. i want to pin de blasio on you. this is the guy who's going to be the next mayor of new york. this guy is so far to the left. he is way to your left. this guy is fighting ray kelly and the new york police department successful crime attemp attempts. he wants to tax himself. he'd rather risk people moving out of the state. today they say he wants to appoint randy weingarten to run the board of education. why are the democrats trying to destroy new york city. >> good evening, larry. how are you? >> i'm good. nkts you know, bill de blasio is an unrepen tent, unapologetic democrat. it won't surprise everyone what he's going to do. the real question is what happened to new york city that so many people turned away from the policies of mike bloomberg and have turned so robustly toward the policies of bill de blasio. he's going to win it. the margin is a little surprising to me. good for you, bill. >> i'm not so sure. maybe it's bloomberg. my pal joe lhota didn't run a goo
can't cancel the election time. with us now, steve more from the law street journal editorial board and dr. scott gottlieb's, former policy for centers for medicare and medicaid services. welcome to you both. i will start with you. let me read you what the obamacare administration is saying about what is essentially a 30 day delay. they say it is to give insurers the benefit of more time to evaluate there experiences during the 2014 plan year and allow them to take into account those who may enroll late including young adults before setting 2015 rates. >> that is probably right because the insurers are going to have a hard time submitting bids. >> there were not going to have a lot to go on. the administration is worried. this hurts consumers. there will have to wait. gerri: calling mekeptical. this is a bold political bid not to get in trouble at the election polls. what do you say? >> it think? getting that is absolutely right. when i talked to democrats on capitol, what they're telling me is that love to put this off after the 2014 election. i think that the eire law may actually
of numbers. >> holy cow, a busy one. >> we could have a settlement between the government and steve cohaan's capital. that story is coming up. >> are more people trading in their old tablets? we will talk to the ceo of gazelle. >>> back with "squawk on the street" live from post 9 in just a moment. nes investment management & investment servicing, giving us unique insights which help us attract the industry's brightest minds who create powerful strategies for a country's investments which are used to build new schools to build more bright minds. invested in the world. bny mellon. easy-to-use platform. no, thank you. we know you're always looking for the best fill price. and walk limit automatically tries to find it for you. just set your start and end price. and let it do its thing. wow, more fan mail. my uncle wanted to say thanks for idea hub. he loves how he can click on it and get specific actionable trade ideas with their probabilities throughout the day. [ male announcer ] open an account and get a $150 amazon.com gift card. call 1-888-280-0149 now. optionsxpress by charles schwab. a
. >> you don't have anybody to thank. that's too bad. steve weiss long. >> pete? >> buy citi and bank of america. >> i would take a shot of cpb. >> i like franks international oil service. "power" starts now. >> "halftime" is over. "power lunch" and the second half of the trading day starts right now. >> all right. scott, thank you very much. jpmorgan expected to settle any minute now really with the government to the tune of some $13 billion. has it put the worst behind it or not? is it time to buy jpmorgan stock or look to other financials? we're going to take a look at that whole sector and see where you might best make some money now. tesla is under fire, yes fire, as the government begins an investigation surprisingly, the stock is up today. selling off rather sharply in the last three or four weeks. we will tell you if the inquiry will put a dent into tesla's sales. you may be surprised on that one. strong quarter for home depot, boosted by a resurgent home remolding sector. is the stock, a buy, sell or a hold. old-school debate coming up. first let's check in with sue at the ne
sales apparently unaffected. >> gasoline, steve liesman said not spending as much on gasoline, we're biography sweaters. it's true. if you looked at it empirically, it's apparel, a little more money in the pocket, not going to walmart, stepping up a little bui bit higher. >> down here at the big board, nuskin enterprises and over at the nasdaq, advanced energy. >> and nuskin, you do personal care and you push it, this is the opposite of avon in terms of performance. people betting against nu skin have not been rewarded. >> jcpenney a winner out of the gate, up more than 9%. your story, you'd rather by pvh. >> i'm not about surviving. i'm about making money. >> about thriving. don't survive, thrive! >> if they're doing well, what is terry lundgren doing at macy's? just putting points on the board. pvh is going to go much higher. i think the calvin klein deal is going to pay off dividends. >> lowe's, second biggest loser. >> disappoint ing. >> and smuckers, after kelloggs and campbell's soup, something's going on in food. >> campbell's soup, they talked about how disappointed they w
be able to manage money belonging to steve cohn, the founder, certain employees and his family members. >> hey, kate, couple questions this morning. one is this doesn't resolve any potential criminal liability for steve cohn, the man himself, is that true? >> well, let me give you a dual answer to that. i mean, i guess it doesn't, although i think if they had the material for a criminal individual case against cohen, they probably would have brought it at this point. now they continue to try current and former traders. in two weeks from now we'll see the trial of michael steinberg and i assume the fbi continues to try to turn witnesses against him. so i think you can't rule that out in the future, but i would probably not expect it at this point. >> the only reason i ask is because if you remember and you remember so well given -- now we're talking about a $1.8 billion settlement, 600 was already from a prior settlement, some people meant the whole thing was over. here we are they would argue we're sort of double dipping. it seems to me they're taking a second bite at the apple, why no
shareholder meeting in a little more than an hour or now, as steve ballmer gets ready to exit the tech giant. talked a lot about ballmer yesterday in that interview with the "journal." >> that was the topic of much conversation out west. drew halston from drop box talking openly about the idea that steve stood in the way of progress, marc benioff saying how he recognized the impediment to microsoft is himself. a lot of soul searcher out there. >> some other soul searching going on among ceos of fortune 50 companies, they looked at what happened with mr. ballmer where he expressed a bit of ambivalence about staying in this job to his lead director and they were like great, thanks. >> wow. >> and i've been hearing that those kind of ceos or any ceos, whether it's activists or just in general sort of wondering whether their board is going to turn on them are definitely seeking advice on how to prevent that from happening. >> this is a revolution. boards are supposed to be rubber stampers. >> not anymore. not as much. you still see some but there has been a change. >> abercrombie's board? >> you
exchange today. we have michael yoshikami at the new york stock exchange, also a cnbc contributor, steve saks, michael hennessey is out in the stratosphere somewhere. >> he's with me. >> i thought he was. good see you all. >> michael, here we go again. very strong jobs report on friday. the blue chips at least liked it but the secondary stocks, the small caps, have been suffering lately. what's going on in this market, do you think? >> i like the sendingary stocks. of the beta stocks have rallying. look at tesla, i realize there's fires going on there but secondary stocks have had huge rallies. i think what you're going to start to see as fundamentals, granted, on the slow basis, start to improve you'll see core stocks continue to pick up momentum. >> maria? >> neil hennessey, what about momentum? they have been driving the day all this year and then when they started to roll over the last couple of weeks. would you put new money in the market now and where are the groups that lead, if in fact we were to see the rally continue? >> if you're not in the market at all, you should be committ
a new job. it's in private equity but there's a great backstory here. steve liesman has it next. and mother nature unleashing her fury in italy. look at that, a major eruption under way on the island of sicily, that's mount etna. blasting away for the first time since 1992. frightening pictureses from illinois. we'll have the details on the damage of a wave of tornadoes caused there in the heartland yesterday. they're still cleaning up this afternoon. more "power lunch" when we return in two minutes. twins. i didn't see them coming. i have obligations. cute obligations, but obligations. i need to rethink the core of my portfolio. what i really need is sleep. introducing the ishares core, building blocks for the heart of your portfolio. find out why 9 out of 10 large professional investors choose ishares for their etfs. ishares by blackrock. call 1-800-ishares for a prospectus which includes investment objectives, risks, charges and expenses. read and consider it carefully before investing. risk includes possible loss of principal. >>> a huge eruption, that's italys's mount etna
. steve forbes here to make sense of all of this. chairman of forbes media. ready to weigh in. do these numbers surprise you, steve, at all? >> no. even those numbers are slightly exaggerated. the reports that it is the equivalent if you put your policy in effect in the card but you haven't bought it, they're counting it as a sale and the private sector cannot do that. so even those numbers are exaggerated and that is why the administration is going to have a big push to expand medicare as a way of getting around the exchange snafu. connell: no way they're getting toward the 7 million this spring. >> they're going to have to do something. the way they're going to do it is medicare. those that have not signed up for expanding medicare are being inhumane by not doing it, so they will try to turn a political advantage for disaster. dagen: you mean medicaid. medicaid expansion. a lot of this is people buying insurance, steve. to what extent do you believe the irs will go out there and police people who are not buying it? if they are not going to buy it for whatever reason, screw ups i
carrol out with apple roll out. you guys are pretty good, we're good when you ran the shop, and steve jobs ran the shop,al ut pal all the way through -- all the way through present leadership to make sure you debacles were a minimum. >> when i called it a belly flop, the metaphor was wrong, i would call it more of a risking stone. if this thing fails it looks like it is failing in different ways. what do we do? just as came in to personal computer industry in early days, when consumerrization was a big thyme, steve jobs cams came up h it, a chance to bring consumerring a of healthcare to the forefront,. neil: you would junk this? mr. president, cut your losses, quit massaging it, and recognize the obvious this is a disaster. >> i would do is really, turn to the private sector. a few of us, picked out a few talented entrepreneurs, we're financiallfinancial backing thed building role models with a solution. to get people involved in their own behavior change. neil: are you surprised now that there was -- very little expert i-t input into launching this? >> well, it is absurd. i can tell
as they point out, talking about 340,000 new auto jobs created for gm. thank you, steve. >> be careful. the stock that is not much of an overhang. a lot of people knew this. going for the job saying this is happening. those are taking it. you won't see it last a day unless the futures go up. gm doing better in europe and china. it is a good story. ford not going up since the -- the stock shouldn't be up at all. >> along with that a lot of retail numbers. shares of target are down sharply. discount retailer posting results below estimates siting delusion relating to the canadian segment where gross margins 13.8 versus 30%. >> it is the comp stores .9%. costco is .56. there is the halo. people want to give target the benefit of the doubt. you keep thinking this is going to be the breakout. the idea that we are going to wake up and target is going to be the same old target is not happening. it is a decent story, not a great story. i see no reason to buy or sell. >> you are neutral. >> when you have outfits like costco and williams sonoma i question why i have to own the stock. my travel i
is worth more than the estate of steve jobs. his wife is going to walk away with more money than opera. dagen: how was it getting along with them? you would expect these gentlemen to be difficult and maybe temperamental. >> some didn't play the questions i asked about the environmental side of things and some didn't like their foes, that is what i do. they are colorful men, they are characters, some will love them, some won't. some make billions and lose billions. they have hired a lot of people and that is why some of the states around the country i traveled like texas, oklahoma, north dakota, pennsylvania, a real shot in the arm for small small-town america as well. dagen: what do think it says about the country as a whole and the american spirit? >> i was reassured in a lot of ways. kids getting to school, not finding good jobs and you go to places like louisiana, met a young man who makes $100,000 per year, so there's a real shot in the arm in those places we had tells you about the country, a little disturbing, the flipside is we are so to each other on fracking like we are in d.c
-- >> remember, this is an alcoa skin. and steve jobs loved the feel of aluminum versus plastic. and if you try to get an answer from alcoa about how well things are, they're going to tell you you're going to have to wait a long time. alcoa can wait. >> yes, yes. i'm a mini fan, by the way. >> you are? >> yeah. >> that means your wife doesn't like what you watch. >> no, it's just easy to carry with you and take with you and much lighter than this and basically does the same things. in terms of the stock and impact and this coming out and mossberg's incredibly positive review -- >> i think it does matter. but that's the problem with the analysts. the analysts think it's gross margins. my suggestion is when you have a superior product, you will see gross margins go up because competitors can't compete. and craig jelinik at costco, he said this is the product, for christmas, this is the product. and ups has done well and percolating when apple has a new product that people buy. >> said on a day that the holiday season does begin. it's a little regis. a little monochrome atic. >> in is an italian m
and steve grasso. david, everyone is talking about janet yellen and her testimony to the banking committee tomorrow as they begin the confirmation hearings for her fed chairmanship. what do you expect her to say? >> well, i expect her to say that she is data-dependent. i think these going to try to avoid getting labeled as a dove or hawk. i think she'll say she's essentially an academic by nature so she's going to look at the numbers and the numbers are going to govern fed policy. but i think there's a fundamental contradiction here. you can't say -- assure people rates will be low forever but then just say you're going to watch the data. in a way i think she'll build herself into a trap by which she'll be forced to gradually tighten as she's fed chair because of her data-dependency. >> so, steve grasso, what kind of a trade are you seeing ahead of what we learn from yellen and that testimony? how do you think the institutions react to it? >> i think we'll see more of what we have been seeing, sort of to david's point. i don't think she'll say anything different than chairman bernanke. you
"! >> announcer: the "lightning round" is sponsored by td ameritrade. >>> boo-yah, jim? >> boo-yah, steve. >> caller: from st. louis, minnesota. >> a big sunny san diego boo-yah to ya. >> yeah, charger boo-yah? >> caller: hey, jim, it's nathaniel in the great city of virginia beach, a great big boo-yah. how you doing today? >> i'm going to give you an alan iverson boo-yah. >> okay. >> what are we talking about? practice? practice? >> and as of today, go-go is now giving you a remarkable 56% gain in the aftermarket. and that's from when it became public. and that's over the course of less than five months -- i'm trying to fight a sneeze. [ sneezes ] it's better to fight it than sneeze. [ sneezes ] . take a look at this. take a look at nov's daily chart. the fabulous cup and handle formation. the one that looks like a little tea coming up with the handle on the right side. the cup and handle! oh, boy. holy cow. an inverse head and shoulders pattern. see? well, i was trying to make a smiley face. yeah, see, filled in, boom. that's a bullish crossover, where the black line goes above the red
as a triptick at auction. the price $142.4 million. no word on the seller or the buyer yet. word has it steve wynn might have been one of the bidders. the record for the most expensive work sold by a living artist also shattered last night, jeff koounz balloon dog went for $58 million sold by peter brant to a unknown buyer. here's a great view from inside what was a packed room last night. taken by one of our "power lunch" producers. you know, robert, you just got to wonder with numbers like that being bandied about, i mean we've talked before about whether or not the contemporary art market is in a bubble. what's your perspective on that? >> we've been talking about a bubble in the art market for at least four years and it goes higher. i think it's going to keep going higher not because of really the quality of art getting better but people, especially the wealthy, want a safe place to put their wealth so like many collectibles art is going to keep going up. >> that balloon dog may be great but it messes up the lawn. you have to clean it up after it. what about sotheby's they have an auction
at betting the science and pet.coms or e-toys, i want to bring in goldman sachs, steve balmer, the retiring ceo, my friend from college asked me to fly out to see him for the future. microsoft had grown into a company honestly might have been played out already, hard to believe, but really some people thought that. when i owned it for my hedge fund right up to the justice department investigation, which was too much for me i met resistance. the same way i met resistance for intel and owning it for my hedge fund when the 286 chip was introduced. later 386 and then 486. with each generation people thought it was game over intel. i mean, really, who needed a more powerful personal computer? now we look back. now we look back and see all the money that was made. and we marvel on how easy it must have been. hardly. we had top collars every step of the way just like we have them now for salesforce.com and yelp and so many others. here's the bottom line, it's terrific to invest in what you know. and own it over time for a decent return. however, if you can stretch your imagination, learn what you
a story that the jobs report was doctored? steve liesman's been digging into that all day. he brings us his latest findings still to come on the "closing bell." i'm beth... and i'm michelle. and we own the paper cottage. it's a stationery and gifts store. anything we purchase for the paper cottage goes on our ink card. so you can manage your business expenses and access them online instantly with the game changing app from ink. we didn't get into business to spend time managing receipts, that's why we have ink. we like being in business because we like being creative, we like interacting with people. so you have time to focus on the things you love. ink from chase. so you can. ♪ [ male announcer ] laura's heart attack didn't come with a warning. today her doctor has her on a bayer aspirin regimen to help reduce the risk of another one. if you've had a heart attack, be sure to talk to your doctor before you begin an aspirin regimen. >>> welcome back. well, there has been a lot of talk surrounding the bitcoin mania. what exactly is a bitcoin? >> i'm glad you asked. we put together a lit
the lightning round is over. are you ready, ski-daddy? we start with steve in missouri. steve! >> caller: hey, jim, a minute ago tiger's boo-yah to you. >> we love the mazoo. what's up? >> caller: i am talking about a stock you mentioned in the past. they had weaker than expected earningings and guided lower, but revenue is still growing for chart industries. >>ing o. i said after that quarter when they were in the 100s, i could not get behind the company, until i need the ceo. why? because i frankly did not understand the shortfall and until i do, i can't get behind it. ied into to go to willie if florida. willie. >> caller: jim, how are you doing? a gobble, gobble, boo you to you. >> sweet kind of boo you to you. kwhats up? caller all back in may, i came out with ingus tickered at bya or boya. i understand it has something to do with the buyout. i have been doing fairly well. but i never see it reported on cnbc or see it on the sticker. >> well, so you know, a lot of peel didn't like this company when it became public. i myself was skeptical. you got a very good run in it. >> that said, i l
also be causing birth defects. but first, steve kroft's story on the enormous amount of money being spent to treat people as they approach the end of their lives. how much money? well, in 2009, medicare paid $55 billion for doctor and hospital bills for patients as they approached the last two months of life. to give you some perspective, that's more than the budget for the department of homeland security or the department of education. and as we reported in 2009, most of those bills were paid for by the government with few or no questions asked and with an estimated 30% of the treatments having no meaningful impact. >> ms. klish, it's dr. byock. >> marcia klish is either being saved by medical technology or being prevented from dying a natural death. >> we're just here checking on you. >> she's been unconscious in the intensive care unit at dartmouth hitchcock medical center in lebanon, new hampshire, for the better part of a week. one of her doctors, ira byock, told us it costs up to $10,000 a day to maintain someone in the icu. >> this is the way so many americans die. something
about it is something that says the president kept explaining to the steve jobs individuals. a great game. it's not whether you can win or lose. >> there is no way that we can be talked about by apple. [laughter] >> they are using a pop-culture reference. >> i will speak to the president. the current run is itunes. it is good. apple said it could push a button and buy the song. >> still says apple. >> is a good opportunity to say that this is very complicated. and buying insurance before there was a terrible time by the government have a website with complicated it was difficult to nobody in the world can do it as simply as you can buy a song on itunes and he's just trying to explain that to people and easy to relate terms. >> is impossible, this thing is not going to be ready by december 1. >> and 30 the applicants are doing it on paper. this idea is lame. macko had? this is where we can pile on the criticism. it should've been better it will be better. this includes a process that is not real all the time. >> so that will do it. in the meantime, tea partiers are fighting to take ov
report. delay, delay, delay. we're going to get to rick santelli and steve liesman for final predictions. gentlemen, let's start with you, rick. what's your number? >> 101,000. >> oh, you're going even lower than consensus. >> i don't know. >> consensus right now is about 120, though some of our "squawk" panelists are a little more all over the map. >> boy, you said a mouthful there. >> steve, where are you? >> i like 141,000. >> oh. why? >> just a touch higher than consensus. i don't think the federal stuff shows up in the payroll numbers, i think it shows up in the unemployment rate. and the private sector indicators i've seen have not been that bad. i don't know what the knock on effect of the federal government shutdown has been. but the ism numbers are pretty good, the jobless claims have been polluted by the california computer problem. but if that's the case and a 335 or 340 average over the course of the four weeks is not too bad. plus, my thinking here is that all of the risk is to the up side. the market has completely baked in a negative number. i'm most interested in the sept
a cell phone at chairman of joints steves of staff, i could -- joint chief of staff, i could never have confidence -- you no. neil: what do you think that response of europeans are proposing, stick it to all american business companies. boeing won't get the plane contract and on and on, too aggressive tit-for-tat? >> i think if you come up to strategstrategic level, europe s important to the u.s., and u.s. is purpose to europe. -- is important to europe, our economy relationship. this and i think cutting off noses on spite faces. if they precede down this line. europeans do care about data privacy, and their laws are structure, more strict than the u.s. and so, but i don't think that wholesale sort of cutting u.s. companies off from some of the opportunities they had and ways they operate there would be good for either side. neil: general -- >> after all, we -- i'm sorry, we respon spend a lot of our bld pressure keeping europe secure. this is important to both sides. neil: you know a very good point. we have done big, big good things here. let's not forget that. >> and it is essential
of time? now that a deal's been reached in the landmark insider trading case where does steve cohen and his top players go from here? it is all the word on wall street, let me tell you. with all the gritty
rosengren joins steve liesman live on this broadcast. >> andrew, thank you. >>> calling it a lopsided and misleading portrait of the people at amazon, mac kenzy slams her husband's, jeff bezos book. >> and just reading some of what she said, you know, to make a book interesting, sometimes you need to embellish or things that may seem small at the time to people involved, that becomes -- i've seen that happen. >> i think they took some of the narrative tricks to make it happen. this is a book that jeff bezos does not cooperate with. i heard the author interviewed on npr. it sounds like an interesting book. >> it's possible that the whole story could be interesting to some extent, but they couldn't have these major -- not everything is a drama, right? i can it's nice that she's -- >> standing up for him. >> yes. >> sure. >> i didn't like it when rupert got divorced. >> all right. when we come back, twitter preparing to go public this week. the company laid out more than 30 pages of risk factors for the business and this public filing. we're going to talk about the risks and rewards righ
they love and the annuity streams of these, just like the late great steve ross really understood this, really understood the value of content. that was a juggernaut stock when steve was alive. who can foresee what happens. >> sea world is up about 3.5%. a lot of discussion about whether or not they would convert to a reit. citi does upgrade it in t in part to a buy. >> if you want to play that game, cedarfare had a better number. these theme park guys, they're about the coasters. you probably haven't even been on fairer's fury, that's how far behind you are. >> i've been on a few of them. >> ever been on fire and ice? >> no. i threw up on fire and ice, that's the sign of a good coaster. >> a guy that grew up near i cyclone. >> jungle cruise. >> yeah. if you got sick on the jungle cruise, something's wrong. >> that's a problem. wolf slayer. you haven't been on any of tease? >> no. where are these? >> have you ever been to magic mountain? >> cork screw. >> apollo's chariot, i threw up on that one. >> can we get you a little checklist going? >> i long for the days when i was able to thro
reportedly narrowed the list of possible people to replace steve bo balmer as ceo. the candidates have been whittled down to five. microsoft has identified at least three internal candidates, including the former skype c he o tony bates. the process could still take a few more months. in august, balmer announced he would retire within a year. they've got some type time. microsoft is certainly up 0.8% in frankfurt. >>> apple has been disclosing for the first time the number of information requests it gets from governments around the world. it's the last major tech company to do so in the wake of the controversy of its data collection by the nsa. apple says in the fist half of the year, it receives between 11,000 and 2,000 requests from u.s. law enforcement. under u.s. restrictions, tech companies are only allowed to report numbers in increments of 1,000 and must combine law enforcement and national security requests which makes it harder to know exactly how much are, in fact, security related. >>> yep, just in case you didn't know, twitter is expected to announce the pricing for its ipo afte
that has to do with benghazi for me? >> what's weird is when i talked to senate -- >> you're steve liesman, right? >> i'm steve liesman. they say the benghazi thing is more worrisome than the rand paul thing because the benghazi thing is more out there in the public domain and more likely to gain -- >> i don't think it was handled well. >> but the connection, even though the rand paul thing makes more sense to tie yellen to the fed audit thing, benghazi and the fed and yellen, i don't really see the connection. >> considering you said where do we draw the line, is $50 trillion too big? >> you mean on the fed's balance sheet? well, you asked what is the number? >> i did ask rhetorically what is the number. >> that's what i'm talking about. >> why talk to me? >> i don't know. >> i think the same of you. let's start off 7:00 in the morning with quite a few insults. >> you know what i mean, though. if we're going to talk about something, we thought we were priming the pump. we didn't know the economy ran on qe forever. >> we didn't. >> wipe don't we bring in our distinct guests. >> did you kno
.a.c. not necessarily founder steve cohen but as well as sentencing to follow several months later. it's after that s.a.c. needs to get serious about restructuring. they'll have to appoint an independent compliance monitor to oversee what they're calling the wind-down. what that means is they have to return third-party money to investors. a process that actually will be mostly completed at the end of the first quarter, from what i'm told, but could take ultimately one two two years, maria because they have liquid assets they need to sell. that process is currently being negotiate with the s.e.c. they have sfooif years to do it. probably won't take that long. >> so, nearly -- kate, thank you for the facts. we want to talk about this. nearly $2 billion to settle insider trading charges at s.a.c. we want to get the latest from sheila bair. u.s. attorney pete bharara said penalties are steep but fair. he made it clear this shut help serve as a deterrent. you agree? >> i absolutely agree. this is great. this isn't just the cost of doing business. a fine of this size hurts. it hurts wher
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